Figma Stays Put with 98K-SF Renewal in San Francisco

Product design and development platform Figma has signed a 97,606-square-foot lease renewal at 760 Market St. in San Francisco. Lease terms weren’t disclosed.

Newmark vice chairman Mike Brown, executive managing director Roman Adler and vice chairman Bill Benton represented the owner, Phelan Building LLC, which tapped Newmark to lease and manage the 298,000-square-foot historic building in 2016. JLL senior managing director Brittan Hawken and EVP Hillary Hogan represented Figma.

“This lease renewal amid aggressive landlord pursuits speaks volumes about the building’s plug-and-play nature and strategic positioning,” said Patrick Hotung, president of Phelan Building LLC. “This transaction underscores the allure of this iconic property in a prime location and reflects a broader trend of tech companies solidifying their presence in San Francisco.”

Brown added, “This lease reaffirms that 760 Market St. remains a premier asset catering to the needs of our thriving tech community.”

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